Ministry reports Latvia has gone through 42% of funding provided for Rail Baltica
Latvian Ministry of Transport reports that the total funding allocated by Connecting Europe Facility towards Rail Baltica railway project to Latvia is EUR…
Category: Business
Latvian PM says Skulte gas terminal’s construction may be financed by the state
If the developer of Skulte liquefied natural gas terminal (LNG) or its strategic investor present inadequate guarantees to the state, it is possible…
Gambling industry’s turnover reaches EUR 290.534 million in 2022
Information from the Latvian Lotteries and Gambling Supervision Inspection indicates that the total turnover of gambling companies was EUR 290.534 million in 2022….
New Riga Theatre’s reconstruction sage takes unexpected turn
Latvian state real estate company Valsts nekustamie īpašumi (VNI) has released a statement from board member Jeļena Gavrilova, in which officials doubt completion…
Latvian government to tackle tax policy after approving new budget
Immediately after approval of the state budget for 2023, the ruling coalition in Latvia plans to start working on the tax policy guidelines,…
Kazakh businessmen see great potential in cooperation with Latvia’s large sea ports
Latvian Stevedoring Company Association (LSA) met with businessmen from Kazakhstan on the 1st and the 2nd of February. Foreign businessmen were on a…
European Central Bank increases base interest rate to 3%
On Thursday, the 2nd of February, the European Central Bank (ECB) decided to increase the base interest rate by 0.5 percentage points to…
Ferry traffic at Freeport of Ventspils reaches new peaks in 2022
The sea port has registered new records in ferry traffic. Certain pre-pandemic levels have been reached and even exceeded, as reported by the…
Beverage container deposit system in Latvia turns one year old
The system’s operator – Depozīta Iepakojuma Operators LLC – reports that since the launch of the system last year, residents in Latvia have…
